Top 10 Forklift Manufacturers of 2022

Aug. 23, 2022
MH&L's annual presentation of the 10 largest global manufacturers of lift trucks, ranked by sales.

One positive result of the pandemic-heightened supply chain disruptions of the past year has been a surge in the number of forklifts sold. According to the Industrial Truck Association (ITA), 2021 saw a record high for sales of forklifts in North America: 347,000 units. That dramatic spike in sales (North American sales in 2020 were 230,000 units) was repeated globally as well, with some of the world’s biggest forklift manufacturers seeing double-digit percentage gains over the previous year.

The following slideshow presents MH&L’s annual ranking of the 10 largest global manufacturers of forklifts, ranked by revenue. The ranking includes electric rider trucks (Class 1 and Class 2), motorized hand trucks (Class 3), and internal combustion powered trucks (Class 4 and Class 5). These companies provide some of the leading material handling technologies and vehicles used worldwide by companies to manage their warehouses and distribution centers, and many of them are at the forefront of developing and promoting the latest in forklift safety technologies.

All financial figures are stated in U.S. dollars, based on the relevant exchange rate as of December 31, 2021. The information was provided by the companies, unless otherwise noted.

For comparison purposes, below are previous years' rankings of the Top 10 Forklift Manufacturers:

Top 10 Forklift Manufacturers of 2021

Top 10 Forklift Manufacturers of 2020

Top 10 Forklift Manufacturers of 2019

Top 10 Forklift Manufacturers of 2018

About the Author

Dave Blanchard | Senior Director of Content

During his career Dave Blanchard has led the editorial management of many of Endeavor Business Media's best-known brands, including IndustryWeek, EHS Today, Material Handling & Logistics, Logistics Today, Supply Chain Technology News, and Business Finance. He also serves as senior content director of the annual Safety Leadership Conference. With over 30 years of B2B media experience, Dave literally wrote the book on supply chain management, Supply Chain Management Best Practices (John Wiley & Sons, 2021), which has been translated into several languages and is currently in its third edition. He is a frequent speaker and moderator at major trade shows and conferences, and has won numerous awards for writing and editing. He is a voting member of the jury of the Logistics Hall of Fame, and is a graduate of Northern Illinois University.